Source: Legal IT Insider
By Caroline Hill
ECFX has raised $7m from a number of investors including Growth Street Partners, which today (21 June) announced a minority investment in ECFX. ECFX provides electronic court notice management for law firms and corporate legal teams. The LegalTech Fund, a leading investor in innovative legal technology companies, also participated in the round, as did Cove Fund and other existing investors. ECFX will use the $7M investment to expand its platform and further its leadership position in a rapidly adopting market.
ECFX was founded in 2019 by Dan O’Day and Nelson Quintero, both lawyers and each with 25+ years of experience in the legal and legal technology industries. Many litigation firms still process notices manually, leading to increased risk and higher costs. Research has shown that over 50% of law firms report missing court notices. ECFX’s platform…
Read full article: https://legaltechnology.com/2023/06/21/ecfx-raises-7m-from-growth-street-partners-the-legaltech-fund-cove-fund-others/
